#kwan jihan

[lookismaddict]

Lookism Chapter 434 Memes/Thoughts I Have:

(SPOILERS !!! I don’t own any of the Lookism panels and the translations. Only the memes that I made and the collages.)

OK, GONNA GO THROUGH THIS QUICK THIS TIME AND ONLY GONNA SHED LIGHT ON THE PARTS IN THIS CHAPTER THAT CAUGHT MY EYES. 👁👁

Last chapter was CRAZY MAN. WTHHHH

DAMN SHE EVEN HIT HIM WITH THE SMACK 😭😭😭

“GRANDMA CHILL! I SWEAR IMMA BRING YOU CLOTHES NEXT TIME-” 💀💀💀

Um… wtf? 😀

LOOK AT BABY BOY, USING HIS OWN ACTING SKILLS LIKE THAT. 😩😩💓💓💓 Or is he actually crying? Idk, can't tell. Oh, and “Grandma bullied me, mom.” 😐

HOW DOES SHE KNOW CHARLES CHOI??? MF A CELEBRITY AROUND THESE STREETS. Him and Jinyeong both bruv. 😭😭😭 (Also, “Too late mom. Already met him and he attempted to kill me too.” /j Charles Choi and Grandma would make a perfect couple. ��✨)

Awww, is that baby Daniel? 😭 Also, wait a damn minute. Why does he look like...

I'M SORRY, BUT HE REMINDED ME OF THIS CHEEP CHEEP FROM MARIO KART. B R U H. THEY LOOK ALIKE. 😭😭😭😭

The typos on here. 😅 "Choio" DFJKDSAHFKLSHDSJLKF SORRY. The first time I was reading this, I had to reread because I thought I was crazy for a sec.

DANG, WE'VE BEEN GETTING A LOT OF NEW CHARACTERS WITH GLASSES RECENTLY. First that ONE HOT LADY from Tiger Job Center, then that ATTRACTIVE DOCTOR who was with Goo, and then NOW A POLICE OFFICER??? PTJ TRYING TO BRING OUT MORE GLASSES REPRESENTATION. 😩💘

UMMMM SIR??? YOU'RE GETTING SHITTED ON. LITERALLY!!!! 💀💀💀💀💀💀💀💀

You guys wish you were that cow, huh...? 👀 Yeah, I see you. You can't fool me...

Woah, woah, woah, woah... RUN THAT BY ME REALY QUICK?!?! AYO, WHEN DID THIS TURN INTO A HORROR MOVIE? WHAT IS THIS, CHILDREN OF THE CORN? 1922???? 👁👁

Aw shit. Danny boy is gonna get gang.... (banged). SORRY. I CAN'T HELP IT-

OMG DANIEL. BEAT THEM UPPP!!!! 😤😤👊🏽👊🏽👊🏽👊🏽👊🏽

Dude. Why did I think this was Zack Lee for a second? 😳😳 (Zack and Gun if they had a child together LMFAO) ALSO THIS NEW GUY IS HOT AF. WHO IS HEEEEEE??? 😩🔥🔥🔥 (And we haven't gotten any naked scenes ever since Samuel, so is PTJ giving us some fan service since Samuel can't do the job right now...? 👀)

WTH IS HE IN A TUB FULL OF SNAKES? N A K E D ? 😳 I mean... if he's into getting his thing bitten- 👀 NAH, NAH, NAH, IM KIDDING, I SWEAR. 😭😭😭😭

I don't blame you if you stared at him for more than a minute.

Omg Daniel embodying his 😵 phase. BUT FUUUUUUUUUCCCCCCKKKKKK. THIS MAN IS BACK!!!!! HE'S FUCKING BACCCKKKKK. AEEEUUUUGGHHHHH. HE STILL LOOKS SEXY AF EVEN IF THIS IS JUST A FLASHBACK. 🥴🥴🥴🥴

YOU BET YOUR ASSES, I WILL SIMP OVER THIS MAN. H A R D.

*N S F W M E M E S W A R N I N G*

I DON'T WANNA SPIT, I WANNA GULP. I WANNA GAG, I WANNA CHOKE. I WANT YOU TO TOUCH THAT LIL' DANGLY THING THAT SWING IN THE BACK OF MY THROAT!!! 🥵🥵🥵🥵

BAHAHAHAHAHAHA I'M GETTING FLASHBACKS WHEN GUN HAD TO BEAT UP SAMUEL AND TELL HIM OFF. 😭😭😭😭

I can just imagine that horrifying face of his. Smiling so menacingly with those terrifying eyes. Like yessss king, go crazy!!! 😍😍😍

LOOK AT THESE DAREDEVILS. DAAAAAAAMN. TERRIFYING AS HELL. 🤭 DANNY BOY REALLY GOT IT FROM GUN FRFR. (Ugh, like father like son. Daniel could be my son- I mean, what? 😀)

I FUCKING KNEW IT. THIS FOUR EYED MF WAS SHADY FROM THE VERY BEGINNING!!! LIKE WHY TF WAS THAT CREEP STANDING THERE BEHIND HIM AND DANIEL, LOOKING LIKE ONE OF THEM PSYCHO NPC'S FROM OUTLAST 2 ????? BRUH GOT ME FUCKED UP. 😤😤😤

Ok, but why does this mf look like a DILF??? HE LOOKS LIKE A MIXTURE OF MANAGER KIM FROM HIS OWN WEBTOON AND ELITE WHEN HE WAS STILL YOUNG. LMFAAOOOOOO (I'm deadass ab this. They're attractive ngl.) AND WHY DO THE VILLAINS LOOK HOT AF? I'M NOT AGAINST IT, BUT I FEEL LIKE PTJ IS INTO SEXY VILLAINS. HE HAS A KINK FOR THEM. AND HE B R E A T H E S THEM. IN AND OUT. 😮‍💨😮‍💨😮‍💨 (Update: I guess Kwak Jichang LITERALLY IS a piece of shit. Think about it… 💩)

ANYWAYS, we finna see who these Chungcheon mf's are next chapter. Hopefully, we get to know what the deal is with these people hating on Jinyeong. Bc I STG, IF THIS DRAGS OUT FOR THE NEXT FEW CHAPTERS, I’M GONNA LOSE IT. 😠😤👊🏽👊🏽👊🏽👊🏽

#lookism #lookismaddict #lookism webtoon #lookism manhwa #lookism 434 #lookism spoilers #lookism spoiler #lookism memes #lookism thoughts #daniel park #park hyungseok #gun park #park jonggun #kwak jihan #kwan jihan

[hwangjih]

jihan 🪐 just tweeted:

kwan, just do it already���

[un-enfant-immature]

Bitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018

Bitmain’s IPO is the big news in the crypto world this week. The company just filed its IPO prospectus and the numbers are impressive, particularly the year-on-year growth between the first six months of 2018 and a year prior, which saw a near-10x jump in revenue and 7x growth in profit. Nevertheless, that aggregated six-month number may be masking what was a poor quarter of business for Bitmain.

Bitmain didn’t break out its revenue for Q1 and Q2 2018 in its prospectus, instead it blended them together with a nice looking figure for the first six months of the year, H1 2018. But we can crunch some numbers to give an idea of what it might be.

TechCrunch previously reported through sources that the company’s Q1 2018 revenue hit approximately $2 billion. Additionally, Fortune previously reported that the company carded a $1.1 billion profit during the same quarter, a number that’s in line with these revenue figures given that the prospectus reports a net margin of around 50 percent. For comparison, popular cryptocurrency wallet Coinbase made $1 billion in revenue in 2017.

But if we combine the aforementioned data points with the figures that were just reported, the Q2 numbers don’t look pretty. Specificifically, if combined H1 revenue was $2.9 billion with a $1.1 billion profit, then Q2 saw revenue sink to around $800 million with a loss of $400 million. That would be Bitmain’s worse quarter yet and not the kind of momentum that you want going into a listing.

My colleague Jon Russell earlier observed a number of potential risk signs in stated numbers: margins overall have come down. Gross margin in the first six months was 36 percent, down from 48 percent in 2017 and 54 percent in 2016. Contributing to that, the cost of sale percentage in the first half of 2018 rose to 64 percent from 51 and 52 percent in 2017 and 2016, respectively. Additionally, he detailed how the company over-estimated demand in 2018, and, as a result, its inventory ballooned by $1 billion. That unsold product is another indicator that Q2 did not go as planned.

Wu Jihan, co-founder of Bitmain Technologies Ltd., speaks during the Coingeek Conference in Hong Kong, China, on Friday, May 18, 2018. The conference runs through today. Photographer: Anthony Kwan/Bloomberg via Getty Images

We can also examine the financials from a holistic perspective. Adjusted return-on-asset (ROA) and return-on-equity (ROE) are indicators of how profitable a company is relative to its total assets and equity, respectively. Both numbers almost halved in 2018 vs 2017. So even though Bitmain was able to grow its top and bottom line, its overall operating efficiency has declined significantly, from 60.9 percent to 31.4 percent in adjusted ROA and 112.3 percent to 58.9 percent in adjusted ROE.

Where that operating efficiency level could stabilize will likely be a focus for public equity investors. With 94 percent of 2018 revenue coming from mining rigs, up from 80 percent from 2017, Bitmain is increasingly looking like a pure chips company, subject to cryptocurrency market conditions. As a reference, hardware company Nvidia, a company based out of California that also makes computer chips, generated revenues of $9.7 billion in its 2018 fiscal year (2017 calendar year). It’s been operating for 19 years as a public company and its ROA was around 27 percent and adjusted ROE was around 40 percent in calendar year 2017. Nvidia told investors last month that revenue from crypto-related sales had substantially declined, another factor that indicates Bitmain’s Q2 was a tough one.

More generally, Bitmain currently has 11 mining farms in China, including Sichuan and Inner Mongolia. It’s looking to build out 3 new mining farms in the U.S. in Washington, Texas and Tennessee, while it is also contemplating a mining farm in Quebec. This indicates that the team is cognizant of their concentration in revenue from mining rigs and is attempting to diversify into other businesses.

TechCrunch looked at the top equity holders closely and it appears a total of ~60 percent is owned by the top 5 founding individuals. We know of co-CEOs Wu Jihan and Micree Zhang that own majority of the portion, but there is also Zhao Zhaofeng, Ge Yuesheng, and Song Wenbao. The next largest shareholder is Sequoia, which owned the investment through another entity called SCC Venture VI. Sequoia owns over 2 percent of Bitmain shares through its various funds. Coatue also owns 0.14 percent. The employee’s pool in aggregate was about 18.5 percent.

Aside from Q2 numbers and potentially a hit in Q3 from the ongoing market downtrend, there are few other investor concerns that may surface. For one, Taiwan Semiconductor Manufacturing Company (TSMC) is Bitmain’s single largest supplier, accounting for 59.2 percent of total supply in the first half of 2018, and generally hovering over 58 percent in the last 2.5 years, leading to concentrated supplier risk.

Another issue is that for the cryptocurrencies that Bitmain owns — that is, Bitcoin, Bitcoin Cash, Ether, Litecoin and Dash. Bitmain accounted for these cryptocurrencies at cost, which means that the value of these cryptocurrencies is priced at the time of acquisition, not at the current market value. A decent portion could have been acquired during the bull market last year, this may be perceived as overly bullish or unrealistic by public investors, especially by those who have yet to be bought into the value of cryptocurrency, or already find it extremely risky as an asset class.

The questions and doubts from public investors around the unpredictability of the crypto market will be one of the many challenges that crypto companies face if they choose public markets. As we mentioned previously, there are many reasons to stay private as a crypto company, including keeping quarterly financials private as well as dealing with market fluctuations and the ongoing volatility and uncertainty in the cryptocurrency world. However, the con is that early employees may not get liquidity in their stock options.

Wu has said that a Bitmain IPO would be a “landmark” for both the company and the cryptocurrency space. In such a bear market, Bitmain may be taking a risk by going public, but it’s certainly a large step on behalf of the crypto market. When the filings came out, the value of Bitcoin Cash rose by 23.7 percent from the start of the day, reaching a nearly three-week high, and at around 6pm PST it was still up 20 percent.

Several of Bitmain’s competitors have filed for IPO since the beginning of 2018, but most of them are significantly smaller. For example, Hong Kong-based Canaan Creative filed in May, and its latest target is $1 billion to $2 billion in fundraising with 2017 revenue of $204 million. If Bitmain’s Q2 was as poor as the numbers suggest, it may need to revise the target raise for its Hong Kong listing.

#TechCrunch

[theinvinciblenoob]

Bitmain’s IPO is the big news in the crypto world this week. The company just filed its IPO prospectus and the numbers are impressive, particularly the year-on-year growth between the first six months of 2018 and a year prior, which saw a near-10x jump in revenue and 7x growth in profit. Nevertheless, that aggregated six-month number may be masking what was a poor quarter of business for Bitmain.

Bitmain didn’t break out its revenue for Q1 and Q2 2018 in its prospectus, instead it blended them together with a nice looking figure for the first six months of the year, H1 2018. But we can crunch some numbers to give an idea of what it might be.

TechCrunch previously reported through sources that the company’s Q1 2018 revenue hit approximately $2 billion. Additionally, Fortune previously reported that the company carded a $1.1 billion profit during the same quarter, a number that’s in line with these revenue figures given that the prospectus reports a net margin of around 50 percent. For comparison, popular cryptocurrency wallet Coinbase made $1 billion in revenue in 2017.

But if we combine the aforementioned data points with the figures that were just reported, the Q2 numbers don’t look pretty. Specificifically, if combined H1 revenue was $2.9 billion with a $1.1 billion profit, then Q2 saw revenue sink to around $800 million with a loss of $400 million. That would be Bitmain’s worse quarter yet and not the kind of momentum that you want going into a listing.

My colleague Jon Russell earlier observed a number of potential risk signs in stated numbers: margins overall have come down. Gross margin in the first six months was 36 percent, down from 48 percent in 2017 and 54 percent in 2016. Contributing to that, the cost of sale percentage in the first half of 2018 rose to 64 percent from 51 and 52 percent in 2017 and 2016, respectively. Additionally, he detailed how the company over-estimated demand in 2018, and, as a result, its inventory ballooned by $1 billion. That unsold product is another indicator that Q2 did not go as planned.

Wu Jihan, co-founder of Bitmain Technologies Ltd., speaks during the Coingeek Conference in Hong Kong, China, on Friday, May 18, 2018. The conference runs through today. Photographer: Anthony Kwan/Bloomberg via Getty Images

We can also examine the financials from a holistic perspective. Adjusted return-on-asset (ROA) and return-on-equity (ROE) are indicators of how profitable a company is relative to its total assets and equity, respectively. Both numbers almost halved in 2018 vs 2017. So even though Bitmain was able to grow its top and bottom line, its overall operating efficiency has declined significantly, from 60.9 percent to 31.4 percent in adjusted ROA and 112.3 percent to 58.9 percent in adjusted ROE.

Where that operating efficiency level could stabilize will likely be a focus for public equity investors. With 94 percent of 2018 revenue coming from mining rigs, up from 80 percent from 2017, Bitmain is increasingly looking like a pure chips company, subject to cryptocurrency market conditions. As a reference, hardware company Nvidia, a company based out of California that also makes computer chips, generated revenues of $9.7 billion in its 2018 fiscal year (2017 calendar year). It’s been operating for 19 years as a public company and its ROA was around 27 percent and adjusted ROE was around 40 percent in calendar year 2017. Nvidia told investors last month that revenue from crypto-related sales had substantially declined, another factor that indicates Bitmain’s Q2 was a tough one.

More generally, Bitmain currently has 11 mining farms in China, including Sichuan and Inner Mongolia. It’s looking to build out 3 new mining farms in the U.S. in Washington, Texas and Tennessee, while it is also contemplating a mining farm in Quebec. This indicates that the team is cognizant of their concentration in revenue from mining rigs and is attempting to diversify into other businesses.

TechCrunch looked at the top equity holders closely and it appears a total of ~60 percent is owned by the top 5 founding individuals. We know of co-CEOs Wu Jihan and Micree Zhang that own majority of the portion, but there is also Zhao Zhaofeng, Ge Yuesheng, and Song Wenbao. The next largest shareholder is Sequoia, which owned the investment through another entity called SCC Venture VI. Sequoia owns over 2 percent of Bitmain shares through its various funds. Coatue also owns 0.14 percent. The employee’s pool in aggregate was about 18.5 percent.

Aside from Q2 numbers and potentially a hit in Q3 from the ongoing market downtrend, there are few other investor concerns that may surface. For one, Taiwan Semiconductor Manufacturing Company (TSMC) is Bitmain’s single largest supplier, accounting for 59.2 percent of total supply in the first half of 2018, and generally hovering over 58 percent in the last 2.5 years, leading to concentrated supplier risk.

Another issue is that for the cryptocurrencies that Bitmain owns — that is, Bitcoin, Bitcoin Cash, Ether, Litecoin and Dash. Bitmain accounted for these cryptocurrencies at cost, which means that the value of these cryptocurrencies is priced at the time of acquisition, not at the current market value. A decent portion could have been acquired during the bull market last year, this may be perceived as overly bullish or unrealistic by public investors, especially by those who have yet to be bought into the value of cryptocurrency, or already find it extremely risky as an asset class.

The questions and doubts from public investors around the unpredictability of the crypto market will be one of the many challenges that crypto companies face if they choose public markets. As we mentioned previously, there are many reasons to stay private as a crypto company, including keeping quarterly financials private as well as dealing with market fluctuations and the ongoing volatility and uncertainty in the cryptocurrency world. However, the con is that early employees may not get liquidity in their stock options.

Wu has said that a Bitmain IPO would be a “landmark” for both the company and the cryptocurrency space. In such a bear market, Bitmain may be taking a risk by going public, but it’s certainly a large step on behalf of the crypto market. When the filings came out, the value of Bitcoin Cash rose by 23.7 percent from the start of the day, reaching a nearly three-week high, and at around 6pm PST it was still up 20 percent.

Several of Bitmain’s competitors have filed for IPO since the beginning of 2018, but most of them are significantly smaller. For example, Hong Kong-based Canaan Creative filed in May, and its latest target is $1 billion to $2 billion in fundraising with 2017 revenue of $204 million. If Bitmain’s Q2 was as poor as the numbers suggest, it may need to revise the target raise for its Hong Kong listing.

via TechCrunch

#IFTTT #TechCrunch

[fmservers]

Bitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018

Bitmain’s IPO is the big news in the crypto world this week. The company just filed its IPO prospectus and the numbers are impressive, particularly the year-on-year growth between the first six months of 2018 and a year prior, which saw a near-10x jump in revenue and 7x growth in profit. Nevertheless, that aggregated six-month number may be masking what was a poor quarter of business for Bitmain.

Bitmain didn’t break out its revenue for Q1 and Q2 2018 in its prospectus, instead it blended them together with a nice looking figure for the first six months of the year, H1 2018. But we can crunch some numbers to give an idea of what it might be.

TechCrunch previously reported through sources that the company’s Q1 2018 revenue hit approximately $2 billion. Additionally, Fortune previously reported that the company carded a $1.1 billion profit during the same quarter, a number that’s in line with these revenue figures given that the prospectus reports a net margin of around 50 percent. For comparison, popular cryptocurrency wallet Coinbase made $1 billion in revenue in 2017.

But if we combine the aforementioned data points with the figures that were just reported, the Q2 numbers don’t look pretty. Specificifically, if combined H1 revenue was $2.9 billion with a $1.1 billion profit, then Q2 saw revenue sink to around $800 million with a loss of $400 million. That would be Bitmain’s worse quarter yet and not the kind of momentum that you want going into a listing.

My colleague Jon Russell earlier observed a number of potential risk signs in stated numbers: margins overall have come down. Gross margin in the first six months was 36 percent, down from 48 percent in 2017 and 54 percent in 2016. Contributing to that, the cost of sale percentage in the first half of 2018 rose to 64 percent from 51 and 52 percent in 2017 and 2016, respectively. Additionally, he detailed how the company over-estimated demand in 2018, and, as a result, its inventory ballooned by $1 billion. That unsold product is another indicator that Q2 did not go as planned.

Wu Jihan, co-founder of Bitmain Technologies Ltd., speaks during the Coingeek Conference in Hong Kong, China, on Friday, May 18, 2018. The conference runs through today. Photographer: Anthony Kwan/Bloomberg via Getty Images

We can also examine the financials from a holistic perspective. Adjusted return-on-asset (ROA) and return-on-equity (ROE) are indicators of how profitable a company is relative to its total assets and equity, respectively. Both numbers almost halved in 2018 vs 2017. So even though Bitmain was able to grow its top and bottom line, its overall operating efficiency has declined significantly, from 60.9 percent to 31.4 percent in adjusted ROA and 112.3 percent to 58.9 percent in adjusted ROE.

Where that operating efficiency level could stabilize will likely be a focus for public equity investors. With 94 percent of 2018 revenue coming from mining rigs, up from 80 percent from 2017, Bitmain is increasingly looking like a pure chips company, subject to cryptocurrency market conditions. As a reference, hardware company Nvidia, a company based out of California that also makes computer chips, generated revenues of $9.7 billion in its 2018 fiscal year (2017 calendar year). It’s been operating for 19 years as a public company and its ROA was around 27 percent and adjusted ROE was around 40 percent in calendar year 2017. Nvidia told investors last month that revenue from crypto-related sales had substantially declined, another factor that indicates Bitmain’s Q2 was a tough one.

More generally, Bitmain currently has 11 mining farms in China, including Sichuan and Inner Mongolia. It’s looking to build out 3 new mining farms in the U.S. in Washington, Texas and Tennessee, while it is also contemplating a mining farm in Quebec. This indicates that the team is cognizant of their concentration in revenue from mining rigs and is attempting to diversify into other businesses.

TechCrunch looked at the top equity holders closely and it appears a total of ~60 percent is owned by the top 5 founding individuals. We know of co-CEOs Wu Jihan and Micree Zhang that own majority of the portion, but there is also Zhao Zhaofeng, Ge Yuesheng, and Song Wenbao. The next largest shareholder is Sequoia, which owned the investment through another entity called SCC Venture VI. Sequoia owns over 2 percent of Bitmain shares through its various funds. Coatue also owns 0.14 percent. The employee’s pool in aggregate was about 18.5 percent.

Aside from Q2 numbers and potentially a hit in Q3 from the ongoing market downtrend, there are few other investor concerns that may surface. For one, Taiwan Semiconductor Manufacturing Company (TSMC) is Bitmain’s single largest supplier, accounting for 59.2 percent of total supply in the first half of 2018, and generally hovering over 58 percent in the last 2.5 years, leading to concentrated supplier risk.

Another issue is that for the cryptocurrencies that Bitmain owns — that is, Bitcoin, Bitcoin Cash, Ether, Litecoin and Dash. Bitmain accounted for these cryptocurrencies at cost, which means that the value of these cryptocurrencies is priced at the time of acquisition, not at the current market value. A decent portion could have been acquired during the bull market last year, this may be perceived as overly bullish or unrealistic by public investors, especially by those who have yet to be bought into the value of cryptocurrency, or already find it extremely risky as an asset class.

The questions and doubts from public investors around the unpredictability of the crypto market will be one of the many challenges that crypto companies face if they choose public markets. As we mentioned previously, there are many reasons to stay private as a crypto company, including keeping quarterly financials private as well as dealing with market fluctuations and the ongoing volatility and uncertainty in the cryptocurrency world. However, the con is that early employees may not get liquidity in their stock options.

Wu has said that a Bitmain IPO would be a “landmark” for both the company and the cryptocurrency space. In such a bear market, Bitmain may be taking a risk by going public, but it’s certainly a large step on behalf of the crypto market. When the filings came out, the value of Bitcoin Cash rose by 23.7 percent from the start of the day, reaching a nearly three-week high, and at around 6pm PST it was still up 20 percent.

Several of Bitmain’s competitors have filed for IPO since the beginning of 2018, but most of them are significantly smaller. For example, Hong Kong-based Canaan Creative filed in May, and its latest target is $1 billion to $2 billion in fundraising with 2017 revenue of $204 million. If Bitmain’s Q2 was as poor as the numbers suggest, it may need to revise the target raise for its Hong Kong listing.

Via Joyce Yang https://techcrunch.com

#TechCrunch